Certified in Risk and Information Systems Control (CRISC) — Question 8

Shawn is the project manager of the HWT project. In this project Shawn's team reports that they have found a way to complete the project work cheaply than what was originally estimated earlier. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes the project management plan accordingly.
What type of risk response had been used by him?

Answer options

• A. Avoiding
• B. Accepting
• C. Exploiting
• D. Enhancing

Correct answer: C

Explanation

The correct answer is C, Exploiting, because Shawn took advantage of the opportunity to reduce costs by implementing the software, which leads to a greater benefit for the project. Avoiding and Accepting are not applicable here as he did not eliminate the risk or simply accept it without action. Enhancing also does not fit as it typically refers to increasing the likelihood of a positive outcome, rather than realizing immediate savings.